There are certain jobs and roles that people have in which they are entrusted with money or property that belongs to others. This might be the money or property of individuals, or even entire corporations. When a person is accused of wrongfully or fraudulently using the funds or property, concealing the funds or property or committing similar actions, this is referred to as embezzlement, according to the Code of Virginia §18.2-111.
For example, embezzlement occurs when a company’s banker withdraws money from the company’s account for his or her own use without the business client knowing about it. Items that can be embezzled include money, checks, receipts, bonds, notes, personal property, etc. Individuals might be entrusted with funds or property through their employment, their positions in public office, their role of overseeing trusts or other types of positions.
Whether you have actually been arrested for this white collar crime or you are just being investigated, you should immediately contact a skilled Virginia Beach criminal defense attorney for your embezzlement case. The more time that passes, the more time you give prosecutors to build a convincing case against you.
At JRLaw, we have Virginia Beach criminal defense lawyer who can help you challenge your accusers and defend your rights. Our law firm handles embezzlement cases that are prosecuted in municipal and state courts.
In the state of Virginia, embezzlement is considered a crime of larceny, which means that is punished in the same way as a larceny offense. Because of this, the penalties that are given for an embezzlement conviction will depend on the amount of money or property that was embezzled. When the amount of embezzled money is $5 or more or the amount of embezzled goods is $200 or more, a conviction can result in 1 to 20 years of imprisonment.
However, if the judge or jury deems it appropriate, the defendant can serve a term of only up to one year in jail and/or a fine of up to $2,500. When the embezzlement offense involves money amounting to less than $5 or goods amounting to less than $200, the offense is Class 1 misdemeanor, which carries the same penalties as the lesser offense mentioned above.
Individuals who have access to large amounts of money are much more vulnerable to being accused of embezzlement. If something goes wrong with the funds these professionals are entrusted with, they usually get blamed automatically, even if the loss of money or property is due to other causes.
Once individuals are found guilty of embezzlement, their reputations can become tarnished and their careers completely ruined. At JRLaw, we want to help you safeguard both your future and your career. Contact us anywhere in Virginia Beach or a surrounding area so we can provide you with the high-quality defense you deserve!